TradingKey – On June 30, shares of SpaceX (NASDAQ: SPCX) reached $164.19, rising 7.15% and surpassing the horizontal blue channel established during its June 24 session. This rally comes amid two new developments: Bloomberg reports that SpaceX and Charter Communications are negotiating a partnership to offer satellite-connected mobile phones, the first confirmed partner for the previously rumored Starlink mobile service; and according to an analysis by TipRanks, the inclusion of SPCX in the Nasdaq-100 on July 7 could lead to $4.3 billion in index-tracking fund buying.

The addition will take effect after market close on July 6, with trading in the revised index commencing on July 7. RSI is currently 54.15, neither bullish nor bearish and…